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Brent crude oil continues its upward momentum, drawing closer to the anticipated target of $75.36. Market conditions indicate a clear path for Brent to surpass this level, potentially extending gains toward $76.84 in the near term.
Bullish Outlook
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The bullish trend remains robust, provided Brent oil holds above the key support level of $73.90. Maintaining this threshold is crucial for achieving the projected targets and sustaining upward momentum.
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Trading Range and Trend
Expected Trading Range: Between $73.20 (support) and $76.20 (resistance).
Trend Forecast: Bullish.
Traders are advised to watch for price action around the $75.36 level and monitor Brent’s ability to sustain support above $73.90 to confirm the bullish trajectory.
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